Listed China Coal Energy Group is seeking to exit its investments in China Coal Insurance.
Aviva plc has agreed to sell its 25.9% stake in Singapore Life Holdings, together with two debt instruments, to Sumitomo Life Insurance Company for a total consideration of GBP0.8bn ($0.999bn) payable in cash at closing. Sumitomo Life will pay a consideration of GBP0.5bn for Aviva's equity stake and GBP0.3bn for the two debt instruments.
Steadfast Risk Group, the risk management division of Australasia's largest general insurance broker network, Steadfast Group, has acquired Riskcom and its subsidiary BRM Risk Management (BRM).
Chedid Europe Insurance & Reinsurance Brokerage, a subsidiary of Lebanon-headquartered Chedid Capital, has announced the acquisition of 100% of the share capital of UK-based Trilogy Managing General Agents (Trilogy MG) from Resolution Underwriting Holdings, keeping pace with its strategy to grow its business in the United Kingdom while expanding its operations around the globe.
Insurance premiums will keep rising without measures to reduce the risk of damage from floods and bushfires, according to the Insurance Council of Australia (ICA) in its latest annual catastrophe report.
Sanlam, Africa's largest non-banking financial services provider, and Allianz, one of the world's leading insurers and financial services providers, have received regulatory approvals for the joint venture that will create the leading Pan-African non-banking financial services company with a presence in 27 countries in Africa. The joint venture will operate as SanlamAllianz.
London-headquartered specialist insurance broker Howden has announced that it has successfully completed the acquisition of Apex Insurance New Zealand and its associated subsidiaries (Apex), effective 31 August 2023.
National Life & General Insurance Company (NLGIC) and Royal & Sun Alliance Insurance (Middle East) (RSA Midde East) have rebranded their merged entity as Liva - with the aim of revolutionising the insurance industry.
Motor insurance premium rates are expected to fall shortly, says Mr Adel Al-Essa, the spokesman for the insurance sector.
Global reinsurers are ready to take on more natural catastrophe risk, although contrasting approaches toward catastrophe risk remain, S&P Global Ratings says in a report.